Vantage Fleet — Depreciation

A vehicle with real salvage value

Vantage Fleet Corp. buys a $35,000 delivery vehicle with a $2,725 salvage value and a 5-year life, placed in service July 1 — a second worked pass at Straight-Line, Declining-Balance, and Units-of-Production depreciation, again with a partial first year.

Depreciation spreads the cost of a long-lived asset over the years it is actually used, rather than expensing the full purchase price the moment it's bought.

Using the calculator

1. Change Purchase Price, Salvage Value, or Useful Life (years, max 10) in the shared assumptions block.
2. The Straight-Line schedule — and the other methods below it — recompute period by period.
3. Rows beyond the asset's useful life go blank automatically, a live check that you haven't over-depreciated the asset.